As the greater Houston area begins to recover from Hurricane Harvey, alongside its neighbors to the east in Florida, Georgia, and the Carolinas from Hurricane Irma, commercial real estate could see an immediate boost as tenants scramble for habitable space. Conversely, owners of mulitfamily...
James Island is slated for a new Publix grocery store in the strip center that currently houses Rogue Motion, a boat storage and sales center. The property will be redeveloped to include out parcels close to Folly Road. > Click here to read when the store expects to open. <
A real estate company purchased a 17 acre site in Nexton for $5.01M with plans to develop a 140,000 SF retail center called Nexton Square. Two popular dining spots in downtown Charleston, Halls Chophouse & Taco Boy, plan to open a restaurant in the new center. Groundbreaking this fall. <<...
Although City Council members voted to allow Mayor Tecklenburg to use eminent domain as a way to acquire the former Piggly Wiggly site on Sumar Street in West Ashley, some council members and many community members are not happy with the proposed use of the parcel, which is to build a new road...
The corner of East Montague and Virginia Avenue is being redeveloped in North Charleston's Olde Village. The new complex will be dubbed Marquis Station and will be expanded to a total footprint of 12,500 SF. The space will be home to an athletic club, coffee shop, and pet supply company, among...
Developers of the former Morris Sokol Furniture site presented conceptual design options to the public and gathered feedback during a week-long open house style forum. <<Learn about more of their ideas here.>>
Charleston boasts about its art scene, but it lacks in space to exhibit it. That's about to change with the additional of 5 new venues offering space for music, theater, visual exhibits, and artists' work spaces. The newly renovated and remodeled properties will be located on the peninsula, West...
After 71 years in business, Dixie Furniture located at 529 King St announced they are closing their downtown location. Nothing has been mentioned about the real estate or what the owners plan to do with the property at this time. <<Read Full Article Here>>
The interior section of the Citadel Mall which totals about 290,620 SF has sold for $17 million. This sale doesn't include Belk, Dillard's, J.C. Penney, Sears and Target, all of whom own their own structures. The mall is the Lowcountry's largest shopping center and has about 55,000 SF (about...
As prime commercial real estate in Charleston becomes scarce, the developers of Pacific Box & Crate have been assembling and developing 10 acres at 1505 King Street. BoomTown plans to relocate to the new space, which will include tech companies, yoga, coffee, and restaurants. Learn more here.
Amazon has unveiled an advanced supermarket where shoppers can grab items and go without waiting in checkout lines. The disruptive technology uses machine learning, sensors and artificial intelligence to track items customers pick up. These are then added to the virtual cart on their app. If...
Costco Wholesale Club entered into a formal agreement with Carolina Park Development Corp. to purchase a 21 acre site at Faison Road and Park Avenue, Mt. Pleasant. Learn more here.
Over 20 enclosed malls have shut down since 2010 and more than 5 dozen are on the edge of closing down across America. However these numbers do not mean the end of the mall era, but a telling-tale that these developments need to evolve. During a recent seminar at the Urban Land Institute called...
Continental Realty Corp., a Maryland based real estate investment company, purchased the West Ashley Shoppes, across from the Citadel Mall, for $17.3 million. Their VP of Acquisitions cited the high barriers-to-entry environment of new shopping centers and ongoing residential growth as reasons...
The developers of the new Lorelei project on Laurel Island (near Romney St & Morrison Dr) are studying the needs of the city before they determine what to build on the former 160 acre landfill. It will most likely be a combination of retail, office, restaurants, hotel, meeting space...
